Is Summerland Key, FL 33042 a buyer’s or seller’s market?

The Summerland Key housing market right now

In the three months ending August 31, 2026, 3% of homes in Summerland Key, FL 33042 sold above their list price, the typical home went under contract in 147 days and there were 5.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 64 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (126 days then) and the median sale price rose 10% to $1,099,524. Overall, Summerland Key is less competitive than a year ago, which gives buyers more room.

Within Monroe County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 88%. On our competition score, Summerland Key ranks #710 of 796 FL ZIP codes with enough sales (score 6 out of 100).

Nearby, buyers who want less competition could look at Key Colony Beach 33051 (0% sold over asking) or Big Pine Key 33043 (0% sold over asking), while Marathon 33050 (6% sold over asking) is even more competitive.